North West (NWC) will release its quarterly results on Thursday
North West (TSE: NWC – Get a rating) will publish its quarterly results before the market opens on Thursday, September 8.
North West (TSE: NWC – Get a rating) last released its quarterly earnings data on Wednesday, June 8. The company reported earnings per share of CA$0.57 for the quarter. The company had revenue of C$552.02 million in the quarter.
Northwest stock up 0.4%
Shares of NWC traded C$0.13 on Friday, hitting C$34.58. The stock had a trading volume of 42,905 shares, compared to an average volume of 147,503. The company has a leverage ratio of 65.70, a quick ratio of 0.68 and a current ratio of 1.96. . North West has a 52-week low of C$32.90 and a 52-week high of C$40.08. The stock’s 50-day moving average is C$34.33 and its 200-day moving average is C$35.60. The company has a market cap of C$1.66 billion and a price-to-earnings ratio of 11.80.
North West Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15. Investors of record on Thursday, June 30 received a dividend of $0.37 per share. The ex-dividend date was Wednesday, June 29. This represents a dividend of $1.48 on an annualized basis and a yield of 4.28%. North West’s dividend payout ratio is currently 50.17%.
Analysts set new price targets
Separately, CIBC reduced its price target on North West from CA$41.00 to CA$39.00 and set a “neutral” rating for the company in a Thursday, June 9 research note.
In related news, manager George McConnell Daniel bought 1,624 shares of North West in a trade that took place on Wednesday, July 6. The shares were purchased at an average cost of CA$33.45 per share, with a total value of CA$54,315.00. Following the purchase, the director now owns 29,551 shares of the company, valued at C$988,339.11. In other news, Senior Officer Cole James Ashley Akerstream purchased 800 shares of the company in a trade dated Thursday, July 28. The stock was purchased at an average price of CA$34.30 per share, with a total value of CA$27,440.00. Following the acquisition, the insider now owns 2,752 shares of the company, valued at approximately C$94,393.60. Additionally, director George McConnell Daniel purchased 1,624 shares of the company in a trade on Wednesday, July 6. The stock was acquired at an average price of CA$33.45 per share, for a total transaction of CA$54,315.00. Following the transaction, the administrator now owns 29,551 shares of the company, valued at C$988,339.11. During the last quarter, insiders sold 793 shares of the company valued at $22,700.
About the North West
The North West Company Inc, through its subsidiaries, is engaged in the retail sale of food and everyday products and services to rural communities and urban neighborhood markets in northern Canada, Rural Alaska, South Pacific and Caribbean. The company’s Canadian operations include 118 Northern stores, which offer food, financial services and general merchandise; 5 NorthMart stores that provide fresh food, clothing, and health products and services; 26 Quickstop convenience stores that provide ready-to-eat food, fuel and related services; 5 Giant Tiger junior discount stores, which offer family fashion, household products and food; 2 Valu Lots discount center and direct-to-customer food distribution point; 1 solo market, a store in a distant market; 3 pharmacies and convenience stores; and 1 North West Company powersports dealership offering sales, service, parts and accessories for Ski-doo, Honda, Can-am and other leading brands.
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